this post was submitted on 13 Jan 2025
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Profit-seeking is capitalism doing exactly as it’s meant to. I don’t place any blame there. Every time capitalism optimizes for the wrong benefit, is detrimental to society or its citizens or its fixture, the blame is entirely on those who establish and maintain the market. A profit-seeking healthcare industry is not a failure of capitalism, but a failure of regulators to focus capitalism on positive outcomes, or a failure of regulators to establish a beneficial market. In that case, the existence of the market itself may be the root failure, but capitalism can’t fix that, only those who should be regulating that market
People assume capitalism is all powerful, but it’s not. We have extensive systems in place to establish fair markets for capitalism to act within: where are they? Who do they serve? Who benefits? We keep forgetting capitalism is just a tool, not a goal itself